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CNBC
Jan 23, 2013 9:00am EST
for a strategic retreat from the principle that john boehner articulated earlier that the only amount of debt limit increase that's going to pass is going to have dollar for dollar spending cuts. that's very hard to do, for democrats, for republicans, for anybody in washington, and so he's backed away from that, and now he's going to try to see if he can pass it with republican votes. the importance of this principle from a democratic point of view is they've broken with the idea that the debt limit is so important that it needs to be enforced. that's why senate democrats say they will pass this next week by an overwhelming margin if it passes the house. the white house says it won't block it and house democrats, if you read between the lines, they're urging their members to vote against it, but they don't mind this proposal one bit. here is chris van hollen, the ranking democrat on the house budget committee today. >> the good news is that our congressional republican olleagues have finally recognized that america must pay its bills and meet its financial obligations without conditio
CNBC
Jan 15, 2013 9:00am EST
in line with the offer that he had put out to speaker boehner. that will bring the deficits down even further, below 3% as a percentage to our economy. bringing down the debt as percentage to our gdp. critical and important for competence. so he very wants to engage on balanced deficit reduction. what he has said is the following. he cannot tolerate congress deciding to not pay its existing bills. and i mean nobody should use the threat of default, the threat of hurting the full faith and credit of the united states as a bargaining chip in negotiations. if anyone tries to, the president is just not going to tolerate or negotiate or engage with that type of behavior and i think that you're starting to hear an emerging group of outside republicans agreeing with the president, particularly in the business community saying you do not hold the united states economy and its credit rating hostage no matter how much you care about a particular side or point of view in a budget negotiation. >> speaking of which, not a republican necessarily but allen writes in the journal, he says the con
Search Results 0 to 1 of about 2